ADP Employment rises for third month in April.

By CountingPips.com

U.S. employment data released today in the form of the ADP National Employment Report showed that U.S. private employment rose for a third straight month in April as the jobs data of the past two months was revised higher. The nonfarm private employment increased by 32,000 workers in April to narrowly surpass market forecasts that were expecting an approximate increase of 30,000 jobs. The job gains were led by the service sector which added a total of 50,000 jobs for the month.

March’s jobs data was revised higher from the original estimate of 23,000 jobs lost to a gain of 19,000 jobs while February’s data was also revised higher to show a gain of 3,000 jobs.

The service-providing sector’s increase of 50,000 jobs offset a decline of 18,000 jobs in the goods-producing sector. Manufacturing hiring rose by 29,000 jobs and increased for the third straight month while construction jobs fell by 49,000 workers and declined for the thirty-ninth month in a row.

All size of businesses added jobs in April as large businesses created 14,000 jobs, medium sized businesses took on 17,000 jobs and employment by small businesses gained by 1,000 jobs.

The market-moving US Nonfarm Payrolls report for April is to be released Friday at 12:30 pm GMT with market forecasts predicting an approximate gain of 100,000 jobs.